The Official Website Of UeTrades Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-18 Italy CONSOB Adds UeTrades To The Warning List
On July 18, 2022, The Italian National Securities And Exchange Commission (CONSOB) Issued A Warning That UeTrades Is Not Authorized To Provide Financial Services In Italy. You Can Visit The Following Website For Details: Https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
2022-07-19 We Have Confirmed Upon Review That UeTrades Is An Unregulated Forex Broker
UeTrades Claims To Be A Reliable Broker, But Does Not Provide Any Information About Its Regulation. The Lack Of Such Important Information Can Be A Clear Signal To An Unlicensed Trader, As Regulated Traders Always Display Their Certification And License To Operate In A Prominent Position. This Is A Red Flag.
UeTrades Also Claims That Its Company Headquarters Are Located In The UK. Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Commercial Registration From The Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The FCA That Matched This Broker.
Furthermore, The Italian National Banking Commission (CONSOB) Has Issued A Warning That UeTrades Is Not Authorized To Provide Financial Services In Italy.
In Fact, UeTrades Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Broker Hold Or Control Investors' Funds, And Investors Cannot Be Protected By Any Laws. It Is A Fake Broker
Since It Is Now Impossible To Access The Broker's Website, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That UeTrades Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: UeTrades As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
